{"id":555389,"date":"2024-07-22T11:33:29","date_gmt":"2024-07-22T11:33:29","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=555389"},"modified":"2024-07-22T11:33:29","modified_gmt":"2024-07-22T11:33:29","slug":"gary-gensler-likely-to-resign-in-first-2-months-of-2025-after-joe-biden-leaves-the-white-house-10x-research-says","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/gary-gensler-likely-to-resign-in-first-2-months-of-2025-after-joe-biden-leaves-the-white-house-10x-research-says","title":{"rendered":"Gary Gensler Likely To Resign In First 2 Months Of 2025 After Joe Biden Leaves The White House, 10X Research Says"},"content":{"rendered":"

US Securities and Exchange Commission (SEC) Chair Gary Gensler is likely to resign during the first two months of 2025 after Joe Biden finishes his term at the White House, said 10X Research founder Markus Thielen.<\/span><\/p>\n

The SEC Chair usually resigns when a new administration is elected, and should former president <\/span>Donald Trump<\/span><\/a> retake the White House it would likely spell disaster for Gensler, Thielen said in a July 21 report.<\/a><\/span> Gensler’s term is scheduled to end in June 2026.<\/p>\n

\"The<\/p>\n

Gary Gensler Resignation Could End SEC’s Attack On Crypto<\/h2>\n

The potential resignation of Gensler could bring an end to the SEC’s attack on the crypto industry. Under Gensler’s leadership, the SEC has employed a regulation-by-enforcement approach to the nascent digital asset space that has been widely criticized by crypto industry leaders.<\/span><\/p>\n

President Biden announced his official withdrawal from the presidential race on July 21. Thielen believes the development makes Trump a near certainty to be sworn in as the new president.<\/span><\/p>\n

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With Joe Biden dropping out of the US Presidential race, no credible candidate can seriously challenge Donald Trump. The November election appears to have been decided without a single vote. <\/p>\n

For Bitcoin, a pro-crypto administration will enter the White House. Historically, this…<\/p>\n

— 10x Research (@10x_Research) July 22, 2024<\/a><\/p><\/blockquote>\n